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Money In Elections, Anthony Corrado

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by Anthony Corrado
Experts are predicting a $1 billion 2008 presidential race; the total cost could end up being almost double the $760 million spent by all 2004 candidates. What’s causing this surge in campaign fundraising? Is there a solution to this money race?

by Anthony Corrado
The 2002 Bipartisan Campaign Reform Act (BCRA) is the most important piece of campaign finance legislation since the 1974 Federal Election Campaign Act. BCRA addressed the two biggest problems in the campaign finance system by banning the use of soft money in federal elections and placing new restrictions on candidate-specific issue advocacy advertising. On its passage, it was heralded as a major victory by reform advocates. But would the law fulfill its promise? The early returns indicate that BCRA has passed its first major tests (including the legal challenges) and is making a difference in the financing of national elections.